This week has brought positive news for several cryptocurrencies, as reflected in their price movements. The recent filing of a Solana ETF has likely contributed to the market’s renewed enthusiasm.
Mog Coin (MOG) has emerged as the top gainer this week, with a significant increase in its price. At the time of writing, Pendle is trading at $0.000001858, experiencing a 54% surge in its price over the past seven days. Its market cap currently stands at $669M.
This surge in price can be attributed to the recent listing of the token on the dYdX exchange. The announcement of this listing on June 24th generated investor interest and excitement.
Kaspa (KAS) is the second top gainer this week, with a 21.35% increase in its price over the past seven days. At present, Kaspa is trading at $0.19, with a market cap of $4.58B.
The price surge for Kaspa can be attributed to the recent development on the token’s network. The community announced the Open Beta launch of KRC-20 on June 30th, which brings tokenization with the fastest, decentralized, and robust security of the Kaspa network.
Akash Network (AKT) is also among the gainers this week, experiencing a 19.5% increase in its price. Currently trading at $3.62, Akash Network has a market cap of $876M.
This week’s price surge for Akash Network can be attributed to its recent addition to the FluxEdge marketplace as a direct link. This development has generated more enthusiasm and interest in the token.
Aave (AAVE) has also seen significant price gains this week, with a 16.7% increase over the past seven days. Trading at $95.92, Aave has a market cap of $1.4B.
The price surge for Aave is a result of the community’s announcement that AIP (Aave Improvement Proposal) has gone live for the development of Aave 2030, which includes Aave V4 and a new visual identity.
Dogwifhat (WIF) is another cryptocurrency that has gained value during this week’s trading session. At the time of writing, Dogwifhat is trading at $95.92, experiencing a 16.7% increase in its price over the past seven days. Its market cap currently stands at $1.4B.
The recent surge in price for Dogwifhat can be attributed to market activity. Lookonchain recently revealed that the largest holder of $WIF spent $4.65M in USDC to purchase 2.3M $WIF at a price of $2.03. This holder currently owns 23.39M $WIF ($49.6M) and has made a profit of approximately $83M on $WIF. This same holder also spent 86,738.1 $SOL ($8.65M) to buy 17.22M $WIF in a single trade.
Overall, this week has seen positive price movements for several cryptocurrencies, with various factors such as listings, network developments, and market activity contributing to the surge in value.